<span style="FONT-SIZE: 16pt; COLOR: red"> </span><span style="FONT-SIZE: 16pt; COLOR: red"> FOOTBALL CLUB STATEMENT</span></p><p align="center"></p> BARNSLEY</p> THE accounts for the year ending 31 May 2005, as expected, show a considerable improvement over the results for the previous year.</p> It is not our intention to publish these accounts in detail but figures of significance include:</p> <table cellspacing="0" cellpadding="0" border="1"><tbody><tr><td valign="top"></td><td valign="top"> <span style="FONT-SIZE: 10pt; COLOR: red">YEAR ENDING 31/05/05</span></p></td><td valign="top"> </td><td valign="top"> <span style="FONT-SIZE: 10pt; COLOR: red">YEAR ENDING 31/05/04</span></p></td></tr><tr><td valign="top"> <span style="FONT-SIZE: 10pt">TURNOVER</span></p></td><td valign="top"><p align="center">£4,159,331</p></td><td valign="top"> </p></td><td valign="top"><p align="center">£3,539,562</p></td></tr><tr><td valign="top"> <span style="FONT-SIZE: 10pt">LOSSES</span></p></td><td valign="top"><p align="center">£1,240,072</p></td><td valign="top"></td><td valign="top"><p align="center">£3,540,152</p></td></tr></tbody></table></p> Wages and salaries were down by £724,864 on the previous year. </p> Employee settlements were down by £786,820 on the previous year. </p> Other savings were made across the board. </p> The parent company of Barnsley Football Club is now Oakwell Holdings Limited.</p> Barnsley Football Club Chairman Mr Gordon Shepherd commented: "It is stressed that the Club continues to trade only because of substantial financial support from Patrick Cryne. I can also confirm that no interest on this working capital has been demanded or paid. As previously it has been waived".</p> The Board of Directors continue to work with ongoing success towards the self-sufficiency objectives previously set.</p> Finally, The Club is happy to report that this year's accounts were completed and submitted on time.</p> March 29, 2006</p>
